Related Articles
Forward article link
Share PDF with colleagues

Aramco advances plan to lease out pipelines

The cash-strapped Saudi NOC is looking to replicate the recent divestment success of its Emirati counterpart Adnoc

While Aramco has paused talks on several large commercial transactions, it is proceeding with plans to cash in on its pipeline business. Several high-profile projects were put on hold or cancelled altogether during the first half of the year as the company sought to maintain operations while safeguarding its highly publicised dividend. Reports first emerged in March that the Dhahran-based company would look to offload a stake in the infrastructure in a deal worth around $10bn. However, the proposed agreement will not be a sale as was widely reported at the time. Instead, Petroleum Economist understands Aramco will lease, for a period of up to 25 years, a stake in the pipelines to a group o

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Beijing strives to balance security and decarbonisation
15 October 2021
The ongoing global energy crunch underlines the difficult task facing China’s leaders in balancing energy supply security while reaching net zero in the next 40 years
Occidental exits Ghana
15 October 2021
The US super-indie is divesting its assets in the country
Gran Tierra cranks up the gears
14 October 2021
Midstream takeaway has returned to normal in Colombia, paving the way for production growth opportunities
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video